Economy: page 23

Rio de Janeiro. Petrobras reported net income of R$ 17 billion in the first half of 2018. The positive result was mainly influenced by the increase in international oil prices, associated with the depreciation of the Brazilian Real against the US dollar. In the same period, net debt fell 13% ...

London. World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite. At the same time, Italian bonds and shares in the country's banks were sold out on the grounds of renewed government tension in Rome.
The MSCI ...

Moscow. Rosneft Oil Company and Grupa Lotos SA signed an oil supply contract to Poland. The agreement is valid until the end of 2020, while the supply volume in this period will be from 6. 4 to 12. 6 million tons.
The agreement with Grupa Lotos proves the quality of Rosneft’s ...

Moscow. NOVATEK announces that FTSE Russell reconfirms that NOVATEK remains a constituent of the FTSE4Good Index following their June 2018 index review.
The FTSE4Good Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) ...

Moscow. Oil prices declined in July against the background of the OPEC+ decision to increase production and market concerns regarding global growth prospects because of initiated trade wars, the Russian Ministry of Economic Development said in its review on Wednesday.
"Oil prices ...

London. Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles. This was reported on Wednesday in the media.
It is the first time parliament has summoned Rouhani, ...

Washington / Beijingþ. US stocks recovered on Tuesday following the publication of a report that Washington and Beijing are seeking to de-escalate the trade spat that could rock the global economy. All the three key US indices – the Nasdaq, Dow Jones and S&P – were trading in the ...

Baku, Azerbaijan. The European Commission will allocate 5 million euros worth grant for the Trans Anatolian Natural Gas Pipeline ( TANAP ), which is a part of the Southern Gas Corridor, envisaging transportation of Azerbaijani gas to Europe. About it it is spoken in the message of consortium ...

Baku, Azerbaijan. The Trans Adriatic Pipeline (TAP) is strategic work in terms of energy supply to Italy. This was said by Italian Prime Minister Giuseppe Conte during a joint press conference with US President Donald Trump in Washington.
“I discussed this with President Trump and I ...

Sevastopol. Russian Prime Minister Dmitry Medvedev noted that the most difficult stage of Crimea’s integration into the Russian economic and infrastructural space has been completed. He stated this at a meeting on the socio-economic development of the Crimea and Sevastopol.
"Today ...

Brussels. Euro zone economic sentiment edged lower in July, pulled down by less optimism in industry and the retail sectors, despite a better mood in services, a monthly survey by the European Commission showed on Monday.
The Commission survey showed the economic sentiment indictor for the ...

Beijing. China plans to put more money into infrastructure projects and ease borrowing curbs on local governments. This will help alleviate the economic impact of the Sino-US trade war, sources in the Reuters policy said.
China’s trade war with the United States has clouded the ...

Johannesburg. The current oil price, which is around $74 per barrel, has already taken into account the risk of the US sanctions against Iran and the market is now balanced, Russia’s Energy Minister Alexander Novak told reporters on the sidelines of the BRICS summit.
"I think ...

Beijing. The Chinese unit of U. S. co-working space provider WeWork Cos said it has raised $500 million from investors including Temasek Holdings [TEM. UL] and SoftBank Group Corp (9984. T) It looks to expand in the market for shared office space in the country.
It is the second $500 ...

London. European stocks opened much higher on Thursday, pushing world stocks to new four-month highs. This happened after the European Union and the United States agreed to negotiate on trade, easing some of the fears of a transatlantic trade war.
Concerns over the slowing pace of world ...

Tokyo. The dollar ticked up slightly on Tuesday, adding to gains made in overnight trade. This happened after U. S. Treasury yields rose on expectations the Federal Reserve would persist with its rate hikes this year.
The dollar index . DXY, a measure of the currency against a basket of ...